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A
Shopping is hard, right? But I found a better way. Stitch Fix online Personal styling makes it easy. I just give my stylist my size, style, and budget preferences. I order boxes when I want and how I want. No subscription required. And he sends just for me pieces plus outfit recommendations and styling tips. I keep what works and send back the rest. It's so easy. Make style easy. Get started today@stitchfix.com Spotify that's Stitch Fix.com Spotify Canada is furious, and it is punching Donald Trump right where it hurts, right in the face. Prime Minister Carney attended that G20 summit in South Africa that Trump was too scared to show up to, where all of the world leaders, including Prime Minister Carney, locked the United States out of the closing ceremony when Trump was like, can I just send someone to show up to take the gavel? Because the United States is going to host the G20 in 2026.
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B
And.
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A
And all of the world leaders like, no, get the hell out of here. But let me show you what Prime Minister Carney did after the G20 wrapped up. He held this press conference where he was asked, so are you talking to Donald Trump about this or that? And Prime Minister Carney's like, I'm not talking to him.
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B
Okay.
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A
Occasionally we talk. I'm busy. I'm focused on building Canada. I don't need that guy. Okay? I don't sit around thinking, do I need to call Donald Trump? Canada is out there building one United Canada, building a stronger international relations. Play this clip right here of Carney. Let's play it.
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C
We have. We've had discussions. I've been busy is another point, though. I've been busy. We passed a budget, a budget with a that's going to catalyze a trillion dollars of investment. We have launched new trade agreements. We've secured new investment in the country of a size not seen arguably before. So we're busy. He's got other things to do. And we'll re engage when it's appropriate.
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A
Then Prime Minister Carney's asked again about this, and he's like, look, as I've said, I've got no burning desire to pick up the phone and talk to Donald Trump. We don't need to do that right now, okay? When he wants to act like a big boy, if he wants to act like a grownup, he can. But we're focused on Canada. Can you stop asking. Asking these questions and let's focus on what Canada is doing here. Watch this.
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C
I look forward to speaking to the president soon. But I Don't have a burning issue to speak with the President about right now. When America wants to come back and have the discussions on the trade side, we will have those discussions. I'm going to answer a potential question here and then I'll pass back, which is, for example, with respect to Ukraine and the 28 point plan, we are a member, core member of the coalition of the willing. You would have seen a demonstration of that yesterday with the meeting of European leaders, a core group of European leaders, the Prime Minister of Japan, ourselves, and which formed a common position. And that common position is communicated. Our national security advisors are meeting today in, in Geneva, including Canada's and the common position communicated, to do the additional work that's required on the peace plan there. Each of us do not need to call President Trump and communicate that position. We need to forge that position. That position has been communicated. The follow up is being done by our national security advisors. I will be speaking with President Zelensky later today just to close the loop on some aspects of that. Okay, thanks.
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A
And then Prime Minister Carney lays out the values of Canada. And the question was about, well, could you ever see yourself, you know, you know, not working with the US on anything ever again? And he's just like, look, we talk about what our values are, and it was the perfect takedown of Trump and the U. S Without even having to mention Trump in the U.S. he's just like, with Europe, we share the same values when it comes to equality, LGBTQ rights, climate change, multilateralism. We get along and we figure out ways to trade together. And then with some other countries that could just be more transactional. And he's putting the United States into that. You know me. There may be times where we have to work together, obviously, but we don't share the values with the United States. Just think about that. It was a takedown without even having to mention Trump's name. Here, play this clip.
- [04:36]
C
There's levels of engagement with countries. Our partnership with the European Union, for example, is at a level perspectively, actually and prospectively that is unmatched with other jurisdictions because we have similar values in terms of privacy, for example. We have similar values in terms of sustainability. We have similar values in terms of workers rights. We have similar values to go to the question in terms of gender equality, LGBTQ rights, and all of that reflects. So the level of economic cooperation, defense cooperation, security cooperation. We have similar views about territorial integrity in Ukraine as well. So our level of cooperation with the European Union, with the United Kingdom is on a different level. Than our level of cooperation with other countries. So there's that aspect other countries in the emerging world where there's levels of cooperation which are more in commodity based trade goods and everyday goods and services, but don't extend to those broader partnerships.
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D
So.
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C
All relationships are not equal, they're not of equal depth and certainly it's not the case. This is an important point when we engage with a country, Canada engaged with a country, that we're endorsing everything that country does. The two do not follow. We calibrate our relationship, but it's not an endorsement of everything that happens in the country, nor vice versa from those countries to us.
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A
And then Prime Minister Carney goes on to talk about how, for example, Canada is strengthening, strengthening its relationship with India and Prime Minister Modi of India. And while the US was like attacking Modi and the US Alienated India, Canada's like, great, we'll jump in, we'll become great trading partners with India. And yes, there are issues that India and Canada has had in the past, but they'll work through it together. Here, play this clip.
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C
What we're looking to do is to put that on a sound footing through potential, I mean a potential trade agreement between the two countries which give protections to our businesses, protections to Indian businesses, clear set of rules, dispute mechanisms and others and build on, build on those opportunities. So we're looking to build, I'll reference as well and then hand back for your three part follow up. We're looking, for example, as with the trilateral technology cooperation partnership that we announced yesterday with Australia and India. And you know, just to put that in context, India is one of the leading developers of climate technology, particularly in solar and wind. And if we're going to diversify our supply chains, this is all, I mean, it's all connected. We're going to diversify in that respect from China, which is the dominant player there, India, South Korea are two of really the two main opportunities. So that cooperation is quite valuable.
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A
Now one of the things I think to note as well is that what Prime Minister Carney is doing certainly seems to be working. You know, it kind of reminds me a bit, bit of Mom Donnie showing up in the Oval Office. When you stand up to Donald Trump and you punch him in the face and you call him a fascist and you call him a despot and you stand on it. Trump backs down to that. And like here Prime Minister Carney's just saying, why do I need to talk to this guy? You know, I, well, who cares? Like if he wants to get Offended. Let him get offended. And notice that after Donald Trump went on that temper tantrum, after the ad from Ontario ran in the World Series, talking about how tariffs were hurting the United States and using Ronald Reagan famous speech, Donald Trump's like, I'm raising the tariffs. I'm going after Canada. We hear by our. And talking. Remember, Trump said that he was gonna raise the tariffs. So basically the tariffs against Canada would have been 45%. But as Flavio Volpe says, we monitor the federal registry and follow executive order activity on a regular basis. And we haven't seen any changes. This is the president of Canada's automotive parts manufacturers, which controls over 90% of independent part production in Canada. So to date, Trump was all talk and never actually implemented those tariffs against Canada. And it was interesting because now this widely known Halifax conference that was held by a bipartisan group of United States senators, you had like Angus King and Independent Shaheen of New Hampshire, you had Kramer of South of North Dakota rather, there. So you had this group of bipartisan senators. And that's where they said that Marco Rubio, Secretary of State, said that the 28 point plan was actually from the Russians and not from the United States. So this, this conference got a lot of attention. Right. But let me just show you here because on a bipartisan basis, the senators, Democrats and Republicans were there railing against Trump and basically saying these tariffs need to go like here, Senator Shaheen here, play this clip. And, and by the way, I also think we ought to take up, we ought to urge the administration to take up usmca, get this trade deal done so that we can stop the tariffs.
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B
Because they are not only damaging your economy, they're damaging our economy.
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A
In New Hampshire, I can quote you business after business that I visited that has told me that the tariffs that.
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B
Have been invoked on Canada and what's.
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A
Happened with the relationship has been detrimental to their business and it's affecting our economy. So I certainly share the view that we need to address this. And here is Senator Kramer from North Dakota. This guy's a maga. This guy's a MAGA through and through MAGA Republican Senator Kramer. And he talks about, he goes that, he goes that even the MAGA Republicans like himself feel that there are too many cooks in the kitchen in the Trump administration. He says the regime. He says, I say the regime. He said administration. And he goes, you should notice that even the Trump regime realizes that the tariffs are inflationary and are hurting the United States and that they're quietly rolling back the tariffs, tariff by tariff. Because Trump recognizes that this was an utter failure. This is a MAGA Republican senator saying this. Here, play this clip.
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D
All I can say is I stay in pretty regular contact with, with the administration on these things. I've been a little bit frustrated, as you have, by how many cooks are in that kitchen, but I do feel like it's becoming pretty clear to everybody. And by the way, if you hadn't noticed, the President has been, has been taking down some tariffs little by little, country by country. He is noticing the inflationary outcome of some of those specific tariffs. I happen to think that the softwood lumber and Peter and I have talked somewhat about this. Chris and I have talked somewhat about this. That's probably the most obvious next inflationary product because it gets into home building and everybody needs a home and our home builders need product and it's becoming more and more inflationary. So I'm hopeful that the combination of all of those things.
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A
You know, I never thought I'd say this, but I'm actually excited to do laundry now. Yeah, I said it. That's how obsessed I've become with laundry sauce. The smell is unreal. Hey, I've tried all the scents, but right now I am hooked on Himalayan cashmere. It's their newest launch and honestly, it feels like wrapping yourself in a cashmere blanket fresh out of the dryer. It's this soft blend of airy florals, sweet pear and warm amber with a base of creamy sandalwood and Himalayan Elaine musk. It's sophisticated, cozy, and totally addictive. And if you want something a little bolder, Australian sandalwood has that warm, rugged confidence like your favorite white tea that somehow makes you feel pulled together every single time. Or try French saffron. It's rich, vibrant, full of character, with notes of saffron, cherry and caramel. Whichever scent you choose, Laundry sauce makes every wash feel like a five star experience. The pre measured pods take out all the guesswork. And my clothes smell so good, people literally stop me and ask me what cologne I'm wearing. And I gotta say, it's just my laundry. This holiday season, turn your routine into a ritual with laundry sauce. During our Black Friday Cyber Monday signature sale, you'll save up to 40%. Get $75 in free gifts and free shipping at laundry sauce.com midas20 it's the perfect time to treat yourself or gift the world's most luxurious detergent to someone you love. That's laundry sauce.commidas20me I D A S20 and here he is again. Asking about, he's being asked a question about the relations, the broader relationship between Canada and the United States and the fact that Canadians hate America right now because they hate Donald Trump. I shouldn't say that they hate Donald Trump. And when Donald Trump is running America, they can't, they don't want to be in America. That's a Trumpian America. They, to be fair, all the Canadians in Midas Canada supports well, look, we love America. We love Americans, but not under Donald Trump. We hate that guy. We hate what he's doing to your country. So therefore we're, we're never going to be there. So anyway, here's what Senator Kramer says about that. Play this clip. Earlier today, Senator King said that he had noticed that there had been a.
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C
Cultural break between Canadians and Americans.
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A
He said that Canadians now see Americans as adversaries. Like to ask you what you think.
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C
About that considering your, you border right.
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A
On the Canadian aware that I'm standing right behind.
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D
Yeah, behind is the important geographic situation. But so I think there's become a tension. I will tell you, and I've asked the ambassador this a couple of times, I will tell you that I think it's manifest largely in much less travel from Canada to the States for pleasure. In North Dakota that happens to be shopping in the malls and staying in the hotels, buying lots of beer and groceries and other things. For Florida, it's you're going to the beach. And as, as it is for some of my colleagues up here and those numbers are down because people are angry. They are bouncing back a little bit. I mean, I've talked to my tourism people in North Dakota. They're bouncing back a little bit. One thing about it, as winter comes on, I know a lot about the, the weather in Canada. It's a lot like North Dakota and there's only one direction to go. And so I suspect that it probably won't keep some people from going to warmer weather. Having said that, it's such an unusual situation for us because as Angus pointed out and Peter, I mean, our relationship with Canadians is very, very personal in certain circumstances in, in specific ways. I will say, though, at the same time, I've asked the ambassador this a couple of times. I might have even asked Prime Minister Carney. I, I don't quite understand how, why, I guess I don't offend that easily. Maybe that's the best way to put it. I don't offend that easily. So it's hard for me. It's why I'm so offensive, quite honestly, probably because I'm, I'm not sensitive but, but the best way to fix this is to get back to the negotiating table and fix whatever it is that separates us on the, on the trading table. Now we know that of a couple of the high, you know, the, you know, softwood lumber for example, and dairy, some of those sticking points. But there are a couple, maybe four dozen or more what I'd consider small, non tariff barrier nuisances. I just say let's get back to that table and fix those things up. This is not a situation that can't be recovered. This is not a family breakup that's going to result in, you know, in people hating each other. Both sides, I convinced people in both countries are anxious to reunite symbolically as well as literally. My uncle still comes down occasionally to North Dakota and I get to see him just this last summer in fact. So I think, I suspect that's what Angus was speaking to. But I know, I think I know what he's talking about and we all sense it.
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A
You know what, it should be noted and I played this clip in another video as well. The United States under Donald Trump was the butt of all jokes being mocked at this G20. You had Professor Jeffrey Sachs, for example at the G20 mocking the United States under Donald Trump. Just think about that. That the United States wants the leader of the free world is now a punchline in a joke for being weak and pathetic under Donald Trump. Remember Trump's like, oh, everyone's l laughing at us for four under Biden. No, they weren't. They respected us. Now they laughing at us because they laughing at you, idiot. Here, play this clip. Why isn't Donald Trump coming tomorrow? Because he has a four year old mentality and he's having a handy. And he's having a tantrum. He's having a tantrum. What is the tantrum that the rest of the world says we don't want a king as President Lula said we don't need an emperor. He would come here as just one of 20 leaders or 21. He doesn't want that. He's having a tantrum. So this rebalancing is happening. He's having a particular tantrum, by the way, because the United States is in a deeply neurotic funk. You know what the cause of that neurosis is? China, a wonderful, brilliant civilization, 4,000 years old. Plus it's been a unified state with brilliant statecraft for more than 2000 years now. I had Charlie Angus on recently and Charlie Angus, I asked him about the tourism Boycott by Canadians. And here's what Angus told me. Here, play this clip.
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B
Well, yeah, this is an extraordinary week for where Canada is shifting in terms of pushing back against maga, which is falling more and more into chaos. The tourism numbers, every article I've read on the tourism thing talks about Canada's uncertainty with the tariff wars. No, Canadians hate Donald Trump's guts. That's what you talk to any Canadian in any coffee shop across the country. They hate his guts. They see not going to the United States as an act of patriotism. It has nothing to do with, well, the dollar exchange. And this is something that I think the US Tourism industry is beginning to understand. They've talked about this disappearance of, if you break it down into simpler numbers or break it down further, 320,000 seats that would have had passengers gone. Billions now gone. And it's not coming back. This is the month where the snowbirds, this is where people, the seniors go to Florida, they go to Arizona. Quebec, huge exit is usually from Quebec, goes down. They're not going. And you're seeing across the board, this isn't just one region of Canada standing up, this is Canadians everywhere. Again, from Quebec out to the west coast to the Maritime saying we aren't going. And then where's the money going? Well, Air France, klm, Air France, which was, I guess, in a lot of financial difficulty, are saying They've got a 30% increase thanks to Canadian travel to Europe and European travel coming to Canada. So there's that.
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A
And here's what Charlie Angus told me as well, about Trump's Gatsby parties playing this clip.
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B
Well, Donald, I think the whole world watched you and your grotesque Great Gatsby gathering with all these barely clad young women and creepy old men at, what is it, the Mar A Lago Roach Motel where you live and thought, this man doesn't care about his own people as people's food supplies supports are being cut off. He doesn't care about his veterans. He doesn't care about anything except himself. And we look at you, Donald, and we see a diminished man. You're not a leader. Come on, Donald. You're just a creepy grifter and you think that you could push us around. It's not going to happen. It's never going to happen, Donald. So we expect that you are going to start to do more erratic things as your numbers start to fall and more and more people turn against you. We expect that you will probably try and make us more of your enemy in order to divert attention from your own disgraceful and disgusting behavior. But whatever you do, Donald, Canada is moving on. Canada is looking at this in the long term. We're willing to suck up across party lines, across many parts of our ideological spectrum to put Canada first and do the right thing. So again, as Winston Churchill said to Hitler, you do your worst, sir, we expect it. But we will do our best and we will always do our best.
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A
And here's what Angus told me about, you know, Canada even looking to strengthen its relationship with China or viewing China as the same, if not even more reliable than the United States. And Charlie Angus, leader of Midas Canada, said that's saying something because of the history between China and Canada, that China now views that Canada now views China as more reliable than the US Here, play this clip.
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B
Well, you know, let's talk critical minerals. The entire United States economy, I mean, the Silicon Valley economy, the, the economy that you need to build a 21st century economy is based on access to the critical minerals. Donald Trump announced that copper from Canada represented a national security threat. I mean, this cutting off and attacking the Canadian copper supply, he's not going to make America great in copper again because it takes 15 to 20 years to get an American copper mine into production. Where Canada will send that copper, we're sending a lot of it right now to Asia. We've had very toxic relations with China. China controls the critical minerals market. They control the rare earths market. Canada is one of the few countries that can supply a number of these metals to either the United States or Europe. If we sign up with China, the Chinese economy is going to continue to grow. And what it will mean is that there will be a gate that China can close on the United States anytime they want in terms of access to the metals that are needed to run the whole Silicon Valley project. All of the American economic prospects are tied up in these metals. Canada has them, China has them. And with again, the increasingly belligerent behavior and insults that we're seeing and threat that's coming, it's not from Trump. It hasn't lessened, it's increased in many ways. So for us to start talking about this trade with China will have an enormous, enormous impact in the geopolitical world in the years to come.
- [24:58]
A
There you have it, folks. Let me know what you think. Hit subscribe. They weren't playing around, right? Angus isn't playing around. Carney ain't playing around. And those United States senators are scarred and pissed. Hit. Subscribe. Let's get to 6 million. Subscribe to Midas Canada. Also, if you can. Thanks for watching. Be sure to add the Midas Touch podcast on Apple Podcasts, Spotify, or wherever you get your podcasts for new updates. Every single day, The world moves fast your workday even faster pitching products, drafting reports, analyzing data. Microsoft 365 Copilot is your AI assistant for work built into Word, Excel, PowerPoint, and other Microsoft 365 apps you use, helping you quickly write, analyze, create and summarize so you can cut through clutter and clear a path to your best work. Learn more@Microsoft.com M365 copilot.